Form 4 for ALIT Alight, Inc. / Delaware
Accepted 2021-12-23 00:00:00 ET · period of report 2021-12-20 · accession 0000899243-21-049590 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-12-23 | 2021-12-20 | ALIT | Massey Richard N | Dir | M - OptEx | — | +39.0K | 230.9K | +20% | — |
| D | 2021-12-23 | 2021-12-20 | ALIT | Massey Richard N | Dir | D - Sale to Iss | — | -28.9K | 202.1K | -12% | — |
| D | 2021-12-23 | 2021-12-20 | ALIT | Massey Richard N | Dir | M - OptEx | — | -39.0K | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A common stock | 2021-12-20 | M | A | 38,999 | — | 230,938 | D | — | — | (F1) The Reporting Person exercised the warrants on a make-whole exercise and cashless basis pursuant to a Warrant Agreement, by and between the Issuer and Continental Stock Transfer & Trust, dated May 29, 2020, as amended (the "Warrant Agreement"), following the Issuer's Notice of Redemption of the warrants. The Reporting Person received 0.26 shares per warrant and the Issuer withheld 0.74 shares per warrant exercised. Pursuant to the Issuer's Notice of Redemption, warrants remaining unexercised on December 27, 2021 would cease to be exercisable. |
| 2 | Common | Class A common stock | 2021-12-20 | D | D | 28,860 | — | 202,078 | D | — | — | (F2) Represents shares of Class A common stock deemed withheld by the Issuer from the Reporting Person in connection with the make-whole exercise on a cashless basis pursuant to the Warrant Agreement. (F1) The Reporting Person exercised the warrants on a make-whole exercise and cashless basis pursuant to a Warrant Agreement, by and between the Issuer and Continental Stock Transfer & Trust, dated May 29, 2020, as amended (the "Warrant Agreement"), following the Issuer's Notice of Redemption of the warrants. The Reporting Person received 0.26 shares per warrant and the Issuer withheld 0.74 shares per warrant exercised. Pursuant to the Issuer's Notice of Redemption, warrants remaining unexercised on December 27, 2021 would cease to be exercisable. |
| 3 | Derivative | Warrants to purchase Class A common stock | 2021-12-20 | M | D | 38,999 | — | 0 | D | — · 2021-08-02 to — | 38,999 Class A common stock | (F3) Not applicable. (F1) The Reporting Person exercised the warrants on a make-whole exercise and cashless basis pursuant to a Warrant Agreement, by and between the Issuer and Continental Stock Transfer & Trust, dated May 29, 2020, as amended (the "Warrant Agreement"), following the Issuer's Notice of Redemption of the warrants. The Reporting Person received 0.26 shares per warrant and the Issuer withheld 0.74 shares per warrant exercised. Pursuant to the Issuer's Notice of Redemption, warrants remaining unexercised on December 27, 2021 would cease to be exercisable. |